Meridian Memos:

"Repositioning the United States"
June 2009
by Michael G. Clark, Principal

From the time we sent An Awakening out in January until now, the government has taken unprecedented steps toward the goal of stabilizing the U.S. economy.

This herculean effort/spending binge has been met with an overall increase in confidence by the marketplace that can mainly be attributed to the diminished fear of the Great Depression 2.0.

However, America’s rebound in confidence and the rise of the stock market should not be a bellwether of an imminent return to economic sanctity.

Talks of “green shoots” have dominated the press, but let us not confuse a lack of bad news with growth, or an increase in confidence with progress.


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"An Awakening"
8 January 2009
by Michael G. Clark, Principal

The decline of Rome was the natural and inevitable effect of immoderate greatness. Prosperity ripened the principle of decay; the causes of destruction multiplied with the extent of conquest.
- Edward Gibbon, The Decline and Fall of the Roman Empire.

One of Meridian Development Partners’ New Year’s resolutions is to provide regular commentary on many of the changes that will reshape economic behavior and define opportunities and risks over the coming years.

This particular piece is intended to provide a broad-based reflection on 2008, as well as set the stage for future focused commentaries on specific initiatives and their implications for real estate investing.

Our goal is to generate an ongoing dialogue and debate with our colleagues and partners. 

Through this we hope that our knowledge will be expanded and that we will all come out a little bit smarter for it.


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